Welltower Inc. (NYSE:WELL) Shares Sold by Monument Capital Management

Monument Capital Management lessened its stake in shares of Welltower Inc. (NYSE:WELL) by 4.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,671 shares of the real estate investment trust’s stock after selling 201 shares during the quarter. Monument Capital Management’s holdings in Welltower were worth $436,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Bruce G. Allen Investments LLC bought a new stake in Welltower during the fourth quarter worth approximately $25,000. Rise Advisors LLC bought a new stake in Welltower during the first quarter worth approximately $27,000. Scarborough Advisors LLC bought a new stake in Welltower during the fourth quarter worth approximately $35,000. Financial Gravity Asset Management Inc. bought a new stake in Welltower during the third quarter worth approximately $38,000. Finally, Salem Investment Counselors Inc. boosted its holdings in Welltower by 84.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 194 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analysts Set New Price Targets

WELL has been the subject of a number of recent analyst reports. Scotiabank raised their price objective on shares of Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. Mizuho raised their price objective on shares of Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research note on Sunday. Wells Fargo & Company raised their price objective on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Finally, BNP Paribas initiated coverage on shares of Welltower in a research note on Monday, March 18th. They issued an “outperform” rating and a $104.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $99.50.

Insider Activity

In other news, Director Kenneth J. Bacon sold 1,800 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total transaction of $187,038.00. Following the transaction, the director now owns 14,579 shares in the company, valued at approximately $1,514,903.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is owned by insiders.

Welltower Stock Down 0.6 %

WELL stock opened at $105.35 on Thursday. Welltower Inc. has a 12-month low of $77.90 and a 12-month high of $106.23. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50. The company has a market cap of $62.99 billion, a price-to-earnings ratio of 130.06, a PEG ratio of 2.61 and a beta of 1.18. The company has a 50 day moving average of $100.89 and a two-hundred day moving average of $94.24.

Welltower (NYSE:WELL) last released its earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 EPS. On average, equities analysts anticipate that Welltower Inc. will post 4.12 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th were issued a dividend of $0.61 per share. The ex-dividend date was Friday, May 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.32%. Welltower’s dividend payout ratio is currently 301.23%.

About Welltower

Welltower Inc (NYSE:WELL), a REIT and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.